RENK Group AG

Earnings Release • Feb 22, 2001

News Details

Ad-hoc | 22 February 2001 08:18

Ad hoc-Service: Renk AG english

Ad-hoc announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– RENK once again achieves top yield The short financial year 2000 (July 1 to December 31, 2000) saw RENK maintain the success of the 1999/2000 business year. At Euro 120 million new orders were virtually at the level of the corresponding period in the previous year (Euro 127 million) while sales, at Euro 121 million, were 9 % above the corresponding value (Euro 111 million). The pre-tax result rose by 63 % to Euro 13 million, while the result after taxes improved by 67 % to Euro 10 million. The percentage return on sales was 10.5 %, with the return on capital employed extrapolated to 12 months – standing at 28.6 %. A proposal is to be put to the general meeting of shareholders that a dividend of Euro 0.60 (without a tax-reserve certificate) per share be distributed for the short financial year. The dividend for the last full business year 1999/2000 was Euro 1.00. The repurchase of own shares started successfully. By December 31, 2000, around 145,000 own shares (2.07 % of the total number of 7 million shares) had been repurchased. RENK Aktiengesellschaft The Executive Board end of Ad hoc-announcement, (c) DGAP 22.02.2001 ———————————————————————– WKN: 785000; Index: Listed: Amtlicher Handel in München, Freiverkehr in Frankfurt 220818 Feb 01